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World Economy Apr 17, 2026

Roketsan Aims for Top‑10 Global Defense Export Spot with $3 bn Expansion as Turkey Capitalises on War‑Driven Demand

Turkey’s premier missile maker Roketsan is accelerating a $3 bn expansion to break into the world’s…
Modern combat has been reshaped by the Russia‑Ukraine war, the Gaza clashes, India‑Pakistan skirmishes and the recent US‑Israel strikes on Iran, driving an unprecedented global appetite for drones, missiles and sophisticated air‑defence systems. Turkey, a leading military power in the Middle East, is positioning itself as a key supplier in this booming market. At the heart of Turkey’s push is Roketsan, a firm founded in 1988 to equip the Turkish Armed Forces. Today the company exports to roughly 50 nations and is counted among the fastest‑growing defence enterprises worldwide. Bypassing Western embargoes has been a catalyst for this growth. After the United States imposed CAATSA sanctions in 2020 and removed Turkey from the F‑35 programme, Ankara was forced to develop an indigenous defence ecosystem. The result is a network of nearly 4,000 small and medium‑sized enterprises that now supplies over 90 % of the components used in Turkish weapons. Financially, the strategy is paying off. In 2025 Turkish defence exports reached $10 billion. Roketsan’s General Manager Murat Ikinci told Al Jazeera the firm sits at 71st place among global defence firms and is targeting a climb into the top 50, then top 20, and ultimately the top 10 by the end of the decade. To fuel this ambition, President Recep Tayyip Erdoğan inaugurated a suite of new facilities last week, including: Europe’s largest warhead production plant. A new R&D centre employing 1,000 engineers. The “Kirikkale” complex dedicated to rocket‑fuel research. Infrastructure for mass‑producing ballistic and cruise missiles. The construction represents a $1 billion outlay, with an additional $2 billion earmarked for scaling up production capacity. Roketsan’s R&D engine—the third‑largest in Turkey with 3,200 engineers—draws heavily on lessons from ongoing wars. The Ukraine conflict highlighted the effectiveness of cheap FPV and AI‑guided kamikaze drones, prompting Roketsan to field systems such as the ALKA and BURC air‑defences and the laser‑guided CIRIT missile. Recent US‑Israel operations against Iran have underscored the threat posed by low‑cost Iranian‑designed Shahed drones, now upgraded with Russian “Kometa‑B” anti‑jamming modules. These swarms have overwhelmed regional defences and even struck a British base in Cyprus in March 2026, while NATO intercepted three Iranian ballistic missiles that entered Turkish airspace. In response, Roketsan is advancing the “Tayfun” (Typhoon) missile family. The flagship Tayfun Block 4 is a hypersonic ballistic missile designed to pierce advanced air‑defence layers at extreme speeds. When pressed for specifics, Ikinci declined to disclose the exact range, noting only that it is “sufficient.” Strategically, Turkey is shifting away from Western dependence toward an “Eastern” partnership model. Roketsan now offers joint production and technology‑development agreements, establishing co‑located facilities and R&D centres across the Middle East, Far East and Europe. Qatar has been cited as a flagship example of this collaborative approach. Roketsan has identified five priority product lines to meet rising global demand: Long‑range ballistic and cruise missiles. Advanced air‑defence systems, including “Steel Dome”, Hisar‑A, Hisar‑O and Siper. Submarine‑launched cruise missiles leveraging the AKYA system. Smart micro‑munitions for armed drones. Long‑range air‑to‑air missiles, a capability highlighted by the recent India‑Pakistan clash. The timing is critical. Ongoing conflicts have depleted the stockpiles of high‑end air‑defence assets worldwide. During the US‑Israel‑Iran confrontation, the United States relied heavily on Patriot and THAAD systems, raising concerns that interceptor inventories could run low. Gulf states, which have logged over 1,000 drone sightings in their airspace, are actively seeking alternative solutions—an opening that Turkey’s self‑sufficient supply chain is poised to fill. Analysts warn that even major powers like the United States will need years to rebuild their air‑defence inventories due to the complexity of production. Turkey’s claim of near‑complete domestic manufacturing positions it as a ready supplier for nations eager to diversify away from traditional Western sources. As demand for missiles and drones surges, Roketsan is reinvesting its revenues into expanding production infrastructure, aiming to cement its place among the world’s elite defence exporters.
#defence #turkiye #roketsan
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Sports Apr 17, 2026

Ex-NBA Player Damon Jones to Plead Guilty in Landmark US Gambling Case

Former NBA player and assistant coach Damon Jones is set to become the first person to plead guilty…
Former NBA player and assistant coach Damon Jones is expected to plead guilty in a landmark US gambling case, marking a significant development in a sweeping investigation that has led to the arrests of over 30 individuals, including reputed mobsters and other basketball figures.A change-of-plea hearing for Jones is scheduled for April 28 in Brooklyn federal court. He faces charges of wire fraud conspiracy and money-laundering conspiracy related to two separate indictments. The first indictment accuses him of profiting from rigged poker games, while the second charges him with providing sports bettors with non-public information about injuries to NBA stars LeBron James and Anthony Davis.Jones, 49, had previously pleaded not guilty to the charges. He was arrested last October alongside Portland Trail Blazers head coach Chauncey Billups and Miami Heat guard Terry Rozier, among others. According to prosecutors, Jones sold or attempted to sell non-public information to bettors, including a tip that James was injured and wouldn’t play in a February 9, 2023, game against the Milwaukee Bucks. He also allegedly received $2,500 for a tip that Davis would see limited playing time against the Oklahoma City Thunder.In the poker scheme, Jones was among former NBA players used to lure unwitting players into rigged poker games. He was paid $2,500 for a game in the Hamptons where he was instructed to cheat. The poker scheme often made use of illegal poker games run by New York crime families that required them to share a portion of their proceeds with the Gambino, Genovese, and Bonnano crime families.Jones, who earned more than $20m playing for 10 teams in 11 seasons from 1999 to 2009, is a native of Galveston, Texas. He played alongside James in Cleveland from 2005 to 2008 and served as an unofficial assistant coach for James’s Los Angeles Lakers during the 2022-2023 season.
#jones #prosecutors #james
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Video Apr 16, 2026

Israeli Airstrike Destroys Lebanon's Final Operational Litani River Bridge

An Israeli strike has demolished the last functional bridge spanning Lebanon's Litani River, raisin…
Israeli forces carried out an airstrike that completely demolished the only remaining operational bridge over Lebanon's Litani River, according to Al Jazeera on April 16, 2026. The bridge had been a critical crossing point for civilian traffic and aid deliveries in the southern part of the country. The loss of this infrastructure is expected to disrupt transport routes and could further strain the already fragile humanitarian situation in the region, as alternative crossings are limited or damaged. While details about the specific target and casualties were not provided, the incident underscores the escalating tension between Israel and Lebanon and highlights the broader impact of the conflict on civilian infrastructure.
#israeli #strike #destroys
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Sports Apr 16, 2026

Andoni Iraola propels Bournemouth into a lucrative, talent‑focused future beyond Howe’s era

Since taking over in 2023, Andoni Iraola has transformed Bournemouth from a post‑Howe side into a c…
After Bournemouth’s 2‑1 triumph over Arsenal at the Emirates on Saturday, manager Andoni Iraola celebrated with a broad smile, acknowledging the win as the third victory in four encounters with the league leaders and a clear sign that his project is gaining momentum. Having risen from administration to the Premier League under Eddie Howe, the Cherries have long been viewed through the lens of Howe’s legacy. Iconic moments such as the 2019 4‑0 demolition of Chelsea cemented that era. Following Howe’s 2020 relegation, a succession of domestic appointments – Jason Tindall, Jonathan Woodgate, Scott Parker and Gary O’Neil – produced mixed outcomes, with O’Neil’s dismissal after a respectable finish highlighting the club’s desire for a new direction under owner Bill Foley. Iraola arrived from Athletic Bilbao, where he amassed over 500 appearances, bringing a philosophy that blends Bilbao’s directness with a British‑style width. Early on, his tenure appeared rocky: the first nine league games yielded no wins and left Bournemouth in 19th place, punctuated by a heavy 6‑1 loss to Manchester City. Yet a narrow victory over Burnley sparked a turnaround, culminating in a seven‑match unbeaten run that added 19 crucial points. Statistically, the Cherries have become more than occasional spoilers. While they previously earned just 0.42 points per game against the traditional ‘big six’, under Iraola they have improved to 1.5 points per game in both the 2024‑25 season and the current campaign, recording nine wins and seven defeats against top opposition. Their current 11th‑place standing reflects a blend of competitive resilience and entertaining football built on athleticism, work rate and on‑ball daring. The club’s on‑field evolution has translated into a remarkable transfer market windfall. Key departures include Dominic Solanke to Tottenham for £55 million, Dean Huijsen to Real Madrid for £50 million, Illia Zabarnyi to Paris Saint‑Germain for £54.5 million, Milos Kerkez to Liverpool for £40 million, Dango Ouattara to Brentford for £42 million and Antoine Semenyo to Manchester City for £62.5 million. Collectively, these sales amount to a staggering £304 million, underscoring Bournemouth’s emergence as a premier talent factory alongside clubs like Brighton and Brentford. Looking ahead, Iraola is set to depart at the end of the season, with speculation linking him to high‑profile roles at Manchester United, his native Athletic Bilbao or other continental giants. Bournemouth’s board has already identified Marco Rose – renowned for his high‑intensity approach that benefitted Erling Haaland and Jude Bellingham – as a potential successor, signaling a commitment to maintain the club’s dynamic style. In the broader context, Bournemouth’s transformation illustrates how a mid‑table Premier League side can leverage strategic coaching, a clear playing identity and savvy player development to generate both on‑field success and substantial financial returns, effectively moving beyond the shadow of Eddie Howe.
#iraola #bournemouth #his
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Technology Apr 16, 2026

AI‑Generated Val Kilmer Leads First Hollywood Film to Use Authorized Digital Twin

A trailer unveiled at CinemaCon reveals that the upcoming western *As Deep As the Grave* features t…
For the first time in Hollywood history, an authorized generative‑AI version of a major star headlines a feature film. The western As Deep As the Grave showcases a digitally recreated Val Kilmer, whose voice was synthesized by UK‑based firm Sonantic using archival recordings. The project, delayed by Kilmer’s death in April 2025, received full cooperation from his estate and his daughter Mercedes, who helped craft the visual deep‑fake of the actor. Mercedes Kilmer confirmed that her father embraced emerging technologies as a storytelling tool, a sentiment the filmmakers say they honored throughout production. At Wednesday’s CinemaCon trade show in Las Vegas, the trailer revealed that Kilmer’s character, Father Fintan—a Catholic priest and Native American spiritualist—appears for roughly one hour of screen time. The footage shows the priest at different ages, including a spectral elder who advises a child, “Don’t fear the dead and don’t fear me.” Writer‑director Coerte Voorhees explained that the narrative was built around Kilmer’s heritage and his love of the Southwest. He added that the production adhered to SAG‑AFTRA guidelines and that the estate was financially compensated for the use of archival material. The film also stars Tom Felton, Abigail Breslin and Abigail Lawrie. In a March interview with Variety, Voorhees noted that Kilmer’s family repeatedly emphasized the project’s importance to the late actor. The Kilmer case follows a growing trend of AI‑generated performances. In 2022, Bruce Willis consented to a digital twin after a dementia diagnosis, while actors such as Matthew McConaughey and Michael Caine have licensed their voices to AI firms for approved uses. Estates of legends like Laurence Olivier, Judy Garland and James Dean have similarly partnered with the marketplace ElevenLabs. Beyond film, celebrities are exploring AI for digital meet‑and‑greets; Paris Hilton and Kendall Jenner have reportedly signed deals with Meta for AI‑powered appearances on Instagram, and users can even query an AI version of Deepak Chopra for advice on a range of topics. Nevertheless, some stars remain cautious. Morgan Freeman, Tom Hanks and Scarlett Johansson have publicly expressed skepticism about deep‑fake replicas of their likenesses.
#sonantic #cinemacon #elevenlabs
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News Apr 16, 2026

US Oil Blockade Threatens Viability of Cuba's Iconic Cigar Industry

The article examines how a renewed U.S. oil blockade could jeopardize Cuba's famed cigar sector, hi…
The prospect of a renewed U.S. oil blockade has sparked concerns across Havana’s tobacco fields, where the cigar industry remains a cultural and economic cornerstone. Analysts warn that restricting oil supplies could disrupt the energy‑intensive processes essential for curing, rolling, and transporting premium cigars, potentially undermining production volumes and export revenues. Cuba’s cigar sector accounts for a significant share of the island’s foreign‑exchange earnings, with premium brands commanding premium prices in markets worldwide. A sustained energy shortage would not only raise operational costs but could also force producers to scale back output or seek alternative, less efficient energy sources, eroding the competitive edge that Cuban cigars have long enjoyed. Beyond the immediate economic impact, the blockade could deepen existing tensions in U.S.-Cuba relations. The move may be interpreted as a strategic lever to pressure the Cuban government, yet it also risks alienating stakeholders in the global tobacco trade and could invite retaliatory measures. While the full extent of the blockade’s effect remains uncertain, experts stress that any disruption to the cigar supply chain would reverberate through related sectors—tourism, agriculture, and logistics—exacerbating the island’s broader fiscal challenges. Policymakers on both sides are therefore urged to weigh the economic costs against geopolitical objectives before implementing such a measure.
#oil #blockade #snuff
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World Economy Apr 15, 2026

Manhattan Jury Rules Live Nation and Ticketmaster Monopolized Major Concert Venues, Finding Ticket Overcharges

A federal jury in Manhattan concluded that Live Nation and its Ticketmaster unit maintain a harmful…
In a landmark decision, a Manhattan federal jury determined that Live Nation and its Ticketmaster subsidiary wield a monopolistic grip on major concert venues across the United States. The four‑day deliberation ended Wednesday with a finding that the ticket‑selling platform had overcharged buyers by $1.72 per ticket, a figure that will now be used by a judge to calculate total damages. The case, originally spearheaded by the federal government and later joined by dozens of states, accused Live Nation of leveraging its extensive venue network to stifle competition. Plaintiffs argued that the company barred venues from using alternative ticket sellers and retaliated against those that attempted to do so. Attorney Jeffrey Kessler, representing the states, called Live Nation a “monopolistic bully” that inflates prices for concertgoers. He cited the company’s control of 86% of the concert‑ticket market and 73% of the combined concert‑and‑sports market, underscoring the breadth of its influence. Live Nation, which reported over $22 billion in annual revenue, rejected the monopoly label, insisting that pricing decisions rest with artists, sports teams, and venue owners. Company counsel argued that the firm’s size reflects “excellence and effort,” not antitrust violations. The jury’s finding arrives amid a broader regulatory push. In 2024, the Federal Trade Commission required Ticketmaster to disclose ticket fees up front, prompting the company to eliminate a post‑checkout processing charge. However, a recent Guardian investigation revealed that Ticketmaster introduced alternative fees to offset lost revenue, raising questions about compliance with FTC rules. Earlier, the Department of Justice settled with Live Nation under the Trump administration, creating a $280 million settlement fund for participating states. The agreement also imposed caps on service fees at select amphitheaters and opened the door—though not the obligation—for venues to work with Ticketmaster rivals such as SeatGeek and AXS. More than 30 states declined the settlement and pursued the trial, arguing that the federal government’s concessions were insufficient. During the proceedings, Live Nation CEO Michael Rapino testified, including about the 2022 Taylor Swift ticket fiasco, which he attributed to a cyber‑attack. Internal communications from Live Nation executive Benjamin Baker surfaced, in which he described certain pricing practices as “outrageous” and disparaged customers as “so stupid,” later apologizing for the “very immature and unacceptable” remarks. Live Nation has announced its intention to appeal the verdict, stating confidence that the ultimate outcome will align with the original DOJ settlement framework. The case continues to spotlight the tension between dominant market players and antitrust enforcement in the live‑entertainment industry.
#ticketmaster #antitrust #ftc
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World Economy Apr 15, 2026

Allbirds Stock Surges 582% as Eco-Friendly Shoe Maker Pivots to AI

Shares in eco-friendly shoe maker Allbirds surged 582% after the company announced it is pivoting t…
Shares in eco-friendly shoe maker Allbirds experienced a dramatic surge of 582% after the company announced a sudden pivot to artificial intelligence and rebranding as 'NewBird AI'. The unexpected move sent the company's stock price soaring during a flurry of trading.Allbirds, known for its minimalist wool sneakers popular in Silicon Valley, had struggled in recent years, with its shares losing 99% of their worth since 2021. The company was once valued at $4 billion but had fallen into disrepair. Earlier this month, Allbirds announced plans for a $39 million sale to brand management firm American Exchange Company.The company's new focus will be on acquiring graphics processing units to support AI compute. Allbirds stated, “The rise of AI development and adoption has created unprecedented structural demand for specialized, high-performance compute that the market is struggling to meet. NewBird AI is being built to help close that gap.”Allbirds has secured $50 million in funding from an unnamed investor for its new AI operation, according to a filing with the Securities and Exchange Commission. The company will shift from its status as an eco-conscious public benefit corporation to a conventional corporation, with a reduced focus on environmental conservation.Despite its initial success, with sustainability central to its marketing and endorsements from celebrities like Leonardo DiCaprio, Gwyneth Paltrow, Oprah Winfrey, and Barack Obama, Allbirds struggled to sustain momentum and largely fell out of fashion. The company closed its last physical stores in the US in January and reported a $20.3 million loss in the third quarter of last year.Allbirds is now awaiting shareholder approval for American Exchange Company’s purchase of the company in a vote next month. The sale will enable Allbirds “to pivot its business to AI compute infrastructure, with a long-term vision to become a fully integrated GPU-as-a-Service (GPUaaS) and AI-native cloud solutions provider.”
#company #allbirds #new
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Sport Apr 15, 2026

Saudi Public Investment Fund's Funding Pull Puts LIV Golf's $5 bn Venture at Risk Ahead of New York Talks

Saudi Arabia’s Public Investment Fund is reportedly preparing to withdraw its $5 bn backing of LIV …
The future of the LIV Golf series hangs in the balance after Saudi Arabia’s Public Investment Fund (PIF) signaled a possible withdrawal of its multi‑billion‑dollar support. Executives were summoned to a high‑stakes meeting in New York this week, a development that follows growing speculation that the rebel tour could be shut down. While the fifth season’s sixth event in Mexico City is set to proceed on Thursday, the tournament is being eclipsed by reports that PIF intends to cut the tour’s funding. The tour has already faced challenges securing a merger with the PGA Tour despite a three‑year “framework agreement,” and the funding pull would exacerbate its financial strain. According to the PIF’s newly released five‑year economic strategy, the fund is prioritising sustainable domestic investments and has omitted sport from its seven key focus areas. This shift signals a move away from the “free‑spending, disruptive internationalism” that characterised the launch of LIV Golf in 2021. Since its inception, PIF has poured over $5 bn into the tour, but this year prize money and bonus payouts have already been slashed. High‑profile players such as Phil Mickelson, Dustin Johnson, Jon Rahm, Sergio García and Bryson DeChambeau initially defected from the PGA and DP World Tours, yet recent defections back to the PGA—including Brooks Koepka and Patrick Reed—highlight the tour’s precarious position. DeChambeau has yet to sign a new contract. A source familiar with the Saudi Ministry of Sports confirmed that the fund is redirecting its sports budget toward football and esports, with golf no longer a priority. The same source noted that PIF is ending its partnership with the Women’s Tennis Association, and the three‑year WTA Finals deal in Riyadh will not be renewed after its November expiry. The rumours ignited on Tuesday after journalist Ryan French posted on X that multiple sources warned of a “bombshell announcement” on LIV’s future, later suggesting the tour might be shutting down. LIV officials and players have not received any formal update. In Mexico, Sergio García told reporters they have only heard the same message from PIF chief Yasir al‑Rumayyan at the start of the year: that the project is a long‑term commitment, and that rumours are inevitable. Technical glitches, including an alleged power failure at the venue, forced the cancellation of pre‑tournament press conferences on Tuesday. Nevertheless, the pro‑am competition resumed on Wednesday at 8:30 a.m. local time, indicating that day‑to‑day operations continue despite the uncertainty. The outcome of the New York meeting could determine whether LIV Golf survives as a viable alternative to traditional tours or becomes another casualty of shifting Saudi investment priorities.
#liv #golf #tour
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